If a Customer Purchases Goods for $560 on Account and Later

question 94

Multiple Choice

If a customer purchases goods for $560 on account and later is issued a credit memorandum to receive credit for the return of $160 of goods, the balance due is

• A)$160.
• B)$400.
• C)$560.
• D)$720.
• E)none of these.

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Definitions:

Social Media

Internet-based applications that enable users to create their own content and share it with others who access these sites.

Online

Connected to, served by, or available through a system and especially a computer or telecommunications system (such as the Internet).

Mobile

Pertaining to technology, devices, or services that are portable, allowing for access and communication on the go.

Engaged Selling

A sales approach focused on actively listening to the customer's needs and building a relationship rather than just pushing a product.